InVision AG Provides 2017 Consolidated Financial Statement

Today, InVision AG (ISIN: DE0005859698) released its 2017 Consolidated Financial Statement and confirmed the preliminary results for the preceding financial year, which were previously published on 15 February 2018. The InVision Group achieved an increase of total revenues of 6 percent up to EUR 13.163 million (2016: EUR 12.426 million). Revenues of both cloud products, injixo and The Call Center School, each increased by 19 percent - at injixo to EUR 3.273 million (2016: EUR 2.748 million) and at The Call Center School to EUR 0.714 million (2016: EUR 0.599 million).

In 2017, revenues from InVision WFM subscriptions totalled EUR 8.025 million, which is almost on the same level compared to the previous year (2016: EUR 7.961 million). Just as the project business that remained almost unchanged at EUR 1.151 million (2016: EUR 1.118 million). The EBIT (Earnings Before Interest and Taxes) decreased by 62 percent to EUR 1.363 million (2016: EUR 3.547 million), which was mainly due to an increase of personnel expenses resulting from new hires. As of 31 December 2017, InVision employed 130 people worldwide (31 December 2016: 106 employees). The EBIT margin was at 10 percent for the 2017 fiscal year (2016: 29 percent).

The operating cash flow decreased by 86 percent to EUR 0.672 million (2016: EUR 4.742 million). At the end of 2017, liquid funds were at EUR 2.210 million (31 December 2016: EUR 4.009 million). This corresponds to a decline of 45 percent that is mainly due to, besides the inflow from the operating business, the dividend payment to InVision’s shareholders of EUR 1.118 million, as well as the prorated repayment of a bank loan in the amount of EUR 0.75 million to finance the Company’s office property in Düsseldorf, and investments in new assets amounting to EUR 0.579 million.

Equity capital went down by 3 percent to EUR 10.380 million (2016: EUR 10.697 million) Thus, the equity ratio equalled 76 percent (31 December 2016: 68 percent) based on a balance sheet total of EUR 13.683 million, as of 31 December 2017 (31 December 2016: EUR 15.823 million). The consolidated result declined by 66 percent to EUR 0.8 million (2016: EUR 2.321 million). Accordingly, earnings per share decreased by 65 percent to EUR 0.36 (2016: EUR 1.04).